Berlin: Hamburg Team fund buys apartments from Hamburg Team
Hamburg Team Investment Management (HTIM) has acquired a residential building of the Schreibfederhöfe development in Berlin-Friedrichshain. Seller of the house on Boxhagener Straße 76-78 is Hamburg Team Projektentwicklung (HTP), who is building 112 apartments with nearly 7,200 sqm living space and 1,500 sqm commercial space on the roughly 2,500 sqm lot. The investment volume of the transaction is more than €50mn, Hamburg Team states. The building, construction of which is about to begin, will be added to the open-ended Spezial-AIF “Hamburg Team Urbane WohnWerte”. Completion is scheduled for Q4 of 2021. The Schreibfederhöfe project also includes 104 condominiums and the old Schreibfederfabrik, which will still be used commercially after being modernized.
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